The Bonus Tax Is Just Plain Stupid

Come October I'll have no incentive to work anymore.

By

Jonathan Clements

Updated March 23, 2009 12:01 am ET

Like Bernie Madoff, I've got the government coming after my money. Unlike Madoff, I didn't do anything wrong.

The House of Representatives, alas, thinks otherwise. Last Thursday, 328 members voted for a bill that would slap a 90% surtax on my bonus, with Ways and Means Committee Chairman Charles Rangel dismissing the payout I received in January as "repugnant to everything that decent people believe in." The Senate is considering a similar bill.